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LexTalk®Risk & Compliance: a Lexis®PSL community
DLA Piper—GDPR fines and data breach survey published
€272.5m (about $US 332.4m/£245.3m) of fines have been imposed for a wide range of infringements of Europe’s tough data protection laws according to international law firm DLA Piper. The figure is taken from the law firm’s latest annual GDPR fines and data breach report of the 27 European Union Member States plus the UK, Norway, Iceland and Liechtenstein. Ross McKean, partner, Ewa Kurowska-Tober, partner, and Heidi Waem, counsel, from DLA Piper’s cybersecurity and data protection team summarise some of the reports key findings.
See News Analysis: DLA Piper—GDPR fines and data breach survey published.
Information Commissioner outlines ICO's work for 2021
The Information Commissioner, Elizabeth Denham, has shared her thoughts on the work of the ICO for the upcoming year. The ICO’s immediate focus remains supporting organisations amid the coronavirus (COVID-19) pandemic. The ICO is also developing guidance on several other topics of current interest such as political campaigning, facial recognition, and codes of conduct and certification schemes.
See: LNB News 26/01/2021 49.
Grindr faces fine by Norwegian privacy watchdog for failing to get valid user consent
See News Analysis: Grindr faces fine by Norwegian privacy watchdog for failing to get valid user consent.
FATF publishes consolidated assessment ratings
The Financial Action Task force (FATF) has published its consolidated assessment ratings. The consolidated assessment ratings provide an overview of the ‘ratings that assessed countries obtained for effectiveness and technical compliance’, which was last updated on 21 January 2021. They are recommended to be read in conjunction with the mutual evaluation reports.
See: LNB News 22/01/2021 76.
UK crime fighter urges banks to scale back AML reports
Law360: The head of Britain’s command centre for fighting economic crime has called for reforms of the system for reporting potential money laundering, telling an influential committee of lawmakers that too many low-quality reports are being submitted to criminal investigators.
See News Analysis: UK crime fighter urges banks to scale back AML reports.
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